Dublin, May 12, 2023 (GLOBE NEWSWIRE) -- The "Gaming Earbuds Market by Type, Price Point, Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2021-2031" report has been added to ResearchAndMarkets.com's offering.
According to this report the gaming earbuds market was valued at $1.7 billion in 2021, and is estimated to reach $3.6 billion by 2031, growing at a CAGR of 7.7% from 2022 to 2031.
Key Market Players
- GravaStar
- Samsung Electronics Co., Ltd.
- Razer Inc.
- EKSA Technology Private Limited
- JLab International.
- Edifier Technology Co., Ltd.
- Imagine Marketing Limited
- HP Inc.
- Turtle Beach Corporation
- Exotic Mile
- Raycon, Inc.
- Demant A/S
- Logitech International S.A.
- AsusTek Computer Inc.
- Ant Esports
Gaming earbuds are specially designed gaming peripherals aimed at providing optimum gaming quality and performance to enhance the experience of gaming. Most of the gaming earbuds available in the market include features such as noise isolation to prevent external noise input and internal audio leaks and multiple microphone arrays in order to ensure seamless communication.
Key factors driving the growth of the gaming earbuds market include greater consumer interest in gaming and gaming audio, an increase in consumer access to gaming peripherals and devices, and a rise in professional and competitive gaming as well as gaming events. In recent years, consumer demand for high-quality audio equipment to bring out the nuances in gaming audio and increase sound accuracy while gaming has resulted in several different brands creating various types of gaming earbuds for consumers.
As a result, consumers are increasingly purchasing gaming earbuds, particularly for handheld devices, mobile phones, and laptop computers. Consumer access to gaming devices was severely limited a few years ago because gaming devices were only sold through specialized retail formats and there was a demand-supply gap, particularly in developing countries.
However, to expand their customer base, several regular computer and electronic hardware stores began stocking gaming devices and peripherals. Several consumers in these generations have made gaming their profession because of their expertise in gaming. This has resulted in the development of e-sports and a number of e-sports organizations that compete in gaming competitions and events around the world.
Few factors provide barriers to growth for the market. Gaming devices and peripherals are specialized pieces of equipment that require advanced hardware, software, and drivers to work together to provide adequate performance levels. Market participants are aiming to provide consumers with high-quality gaming earbuds that perform well and incorporate a variety of features.
However, when compared to standard earbuds, this significantly raises the price of the earbuds. Economical gaming earbuds can frequently cost the same as premium regular earbuds, making them prohibitively expensive to purchase. Because of the uncertainty of their gaming durations and preferences, many consumers who play games for fun often hesitate to invest large sums of money in expensive gaming equipment.
The market also offers growth opportunities to the key players in the market. There has been a massive increase in the number of users of various social media platforms and other informative and general browsing websites with increased internet penetration around the world.
Considering these trends, the majority of key players in the gaming earbuds market develop strategies for promoting their products on these digital and social media platforms. Social media and digital marketing are two major strategies used by market participants to raise awareness of their product offerings among target customers via social media channels.
Furthermore, many market players are forming partnerships with popular celebrities or social media influencers in the gaming scene, and they are leveraging their influence to promote their products, which is projected to boost the growth of the market.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the gaming earbuds market analysis from 2021 to 2031 to identify the prevailing gaming earbuds market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the gaming earbuds market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global gaming earbuds market trends, key players, market segments, application areas, and market growth strategies.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 368 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value (USD) in 2021 | $1741.4 million |
| Forecasted Market Value (USD) by 2031 | $3601.3 million |
| Compound Annual Growth Rate | 7.5% |
| Regions Covered | Global |
Key Market Segments
By Type
- Wireless
- Sub Type
- True Wireless
- Collared
- Wired
By Price Point
- Economic
- Premium
By Distribution Channel
- Hypermarkets and Supermarkets
- Specialty stores
- Brand stores
- Online channels
For more information about this report visit https://www.researchandmarkets.com/r/8g45ex
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